Toronto, Ontario – May 25, 2022 – Baselode Energy Corp. ("Baselode" or the "Company") (TSXV: FIND, OTCQB: BSENF) is pleased to announce that in partnership with the YMP Scholarship Fund it has renewed its Indigenous Mining Scholarship for 2022. Baselode will be awarding a $2,000 scholarship to an Indigenous student leader enrolled in a Canadian post-secondary institution looking to pursue a career in the mining industry who has demonstrated academic success and a commitment to preserving Indigenous languages and culture.

"Baselode is very proud to support Canada's Indigenous youth pursuing academic studies in the mining and exploration sector with our scholarship contribution. This scholarship presents an opportunity for an individual to benefit directly from Canada's mining sector, which has a history of supporting Indigenous communities and partnering together for mutual benefits. We are pleased to know that this scholarship will benefit the recipient's educational growth and development," said James Sykes, CEO and President of Baselode Energy Corp.   

Apply Here:  Click here to find the YMP Scholarship applications. The application deadline is August 31, 2022.

Baselode, along with other Ore Group Companies, American Eagle Gold (AE: TSXV), Orefinders Resources (ORX: TSXV), Mistango River Resources (MIS: CSE), Metal Energy (MERG: TSXV), and QC Copper and Gold (QCCU: TSXV), are proud to be donating a total of $20,000 to students from the Indigenous Community in Canada in partnership with the Young Mining Professionals Scholarship Fund.

About YMP Scholarship Fund

Young Mining Professionals Scholarship Fund ("YMPSF") is pleased to announce the continuation of its scholarship program in 2022, with $200,000 in scholarships to be given directly to students studying earth sciences in Canada. YMPSF is a volunteer-based organization with 100% of its donations from partners awarded directly to the student scholarship recipients. YMPSF's mandate is to attract young people to Canada's exploration and mining industry by supporting their academic studies in earth sciences.

About Baselode Energy Corp.

Baselode currently controls 100% of approximately 207,000 hectares for exploration in the Athabasca Basin area, northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties.

Baselode's Athabasca 2.0 exploration thesis is focused on discovering near-surface, basement-hosted, high-grade uranium orebodies outside of the Athabasca Basin. The exploration thesis is further complemented by the Company's preferred use of innovative and well-understood geophysical methods to map deep structural controls to identify shallow targets for diamond-drilling.

For information and updates on Baselode please visit: www.baselode.com

And please follow us on Twitter @BaselodeE

And Please Follow us on LinkedIn @BaselodeEnergyCorp

James Sykes, Chief Executive Officer

Phone:  306.221.8717

Email:   jsykes@oregroup.ca

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding whether the TSX Venture Exchange will approve the Assignment Agreement, and whether the Company's exploration efforts on the Property produce the results that are anticipated by management. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. American Eagle Gold Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to American Eagle Gold Corp.  Additional information identifying risks and uncertainties is contained in filings by American Eagle Gold Corp. with Canadian securities regulators, which filings are available under American Eagle Gold Corp. profile at www.sedar.com.